While this is a good thing, paper money does not and should not be backed by gold. Let gold and other metals stand on their own.
The dollar is backed by value, it represents the natural resources, intellectual property, physical property, the labor of people, the land and numerous other values that as a whole back paper money. As long as money being printed does not exceed this value then there is no problem. With the value of america arguably between 300 and 500 Trillion dollars, there is no problem.
The inflation we see today is a direct effect of the cost of government and their incompetence. Some of their spending is legitimate. For example, without a military, each individual or town would spend more money on less effective militias that could never protect the country from invasion, causing the loss of all. However most government spending is everything from ridiculous to outright criminal and the inflation you see today is a measure of the cost of government.
Gold as an independent form of currency will protect the owner of gold from some of the inflation caused by government. Just remember Gold is not an investment, it is merely protection of buying power. If the dollar tanks and gold drops, there is no loss in buying power if the value of gold drops in dollars. Gold, just like paper money is independently representing value. Just because money drops in value does not mean what it was backing has disappeared. America's 400 Trilllion in net worth, is still there.